AP II pins hope on domestic market, expects faster aviation industry recovery

first_imgIn its forecast, the IATA expected the number of global air passengers to be down 55 percent year-on-year (yoy) in 2020. The figure was worse than its initial April forecast of a 46 percent decrease yoy in air passenger numbers.“Consumer confidence is depressed and not helped by the UK’s weekend decision to impose a blanket quarantine on all travelers returning from Spain. And in many parts of the world infections are still rising,” IATA director general and CEO Alexandre de Juniac said in a statement on July 28.“All of this points to a longer recovery period and more pain for the industry and the global economy.”National flag carrier Garuda Indonesia painted a rosier projection than AP II and IATA, with the airline’s analysts predicting a full rebound by 2022, according to the company’s president director Irfan Setiaputra.However, Irfan said he believed the situation would remain challenging in 2022.“Our analysts believe that a rebound in the aviation industry will take two years. However, I think it would remain challenging by that time as the [COVID-19 pandemic] has brought a seismic shift to the industry,” he said during the discussion.Garuda Indonesia posted a US$712.73 million loss in the first half of this year after booking a net profit of $24.11 million in the same period last year as the COVID-19 pandemic forced the company to cut its flight frequency, affecting the company’s revenue and profit.The airline’s total revenue in this year’s first six months nosedived 58.2 percent yoy to $917.28 million, according to the company’s financial report on the Indonesia Stock Exchange (IDX).Read also: Garuda turns in first-half losses as pandemic hits aviationDuring the INACA discussion, Irfan said aviation consumers’ behavior would completely change for years to come, and airlines must actively adapt to the consumers’ desires and intentions in order to survive.“We can’t put our hopes on everything getting back to normal even after the COVID-19 pandemic is over. This crisis will change the way people travel and their expectations,” he said.Topics : State-owned airport operator PT Angkasa Pura (AP) II president director Muhammad Awaluddin said he expected the aviation industry to recover by mid-2023, backed by domestic flights, slightly more optimistic than the International Air Transport Association’s (IATA) projection.The IATA stated on July 28 that it expected a full recovery of global air passenger traffic by 2024, a year later than its initial estimate, due to slow virus containment in developing economies, corporate travel cuts and weak consumer confidence during the global health crisis.“The IATA and other international organizations assume that international travel will fully recover in 2024. However, I do believe that we can achieve that by mid-2023 as our market is dominated by domestic flights,” Awaluddin said during an online discussion held by the Indonesian National Air Carrier Association (INACA) on Aug. 13. AP II recorded 524 flights to and from Soekarno-Hatta International Airport on Aug. 14, amid the long weekend, a record high since the COVID-19 outbreak in March. It saw traffic of more than 45,700 passengers on that day.In comparison, Soekarno-Hatta International Airport’s flight traffic in April stood at 200 flights per day, and went down to 100 flights per day in May.“This means that air travel patterns have been restored to normal, the number of flights during the long weekend period is usually quite high,” Awaluddin said in a separate statement on Aug. 15.The continuous rise of COVID-19 cases in Indonesia has depressed the tourism and aviation sectors, as people cancel travel plans amid large-scale social restrictions (PSBB).last_img read more

Emerging markets tipped to boost green bond issuance in 2018

first_imgA growing number of emerging markets plan to issue sovereign green bonds, which could boost the wider green bonds market through national and international knock-on effects, according to the International Finance Corporation (IFC).In 2017, emerging markets raised $80m (€65.1m) from issuing green bonds, led by Fiji and Nigeria. Nations including Kenya, Ghana, Morocco and Indonesia are expected to issue in 2018, according to a report from the IFC, a sister organisation of the World Bank.The total green bond market is expected to reach $250bn in 2018.The Fiji bond had raised FJD60m (Fijian dollars; €23.8m) by March 2018, and was expected to raise another FJD40m before July 2018, the IFC said. Ariff Ali, governor of the Reserve Bank of Fiji, said in a statement released with the IFC report: “Fiji has shown that small economies under threat from climate change can deliver effective, credible and innovative ways to finance climate work.”Governments issuing green bonds to attract climate-related financing should take a leadership and role model function that would trigger both national and international knock-on effects, added the IFC’s senior financial sector specialist Aaron Levine, author of the report.“What we hope to see following [national issuance] is private sector issuances and sub-sovereign issuances,” he said.This, Levine said, could happen as a result of the establishment of climate policy that came with the issuance of green bonds. He said: “When the government takes the lead, it is really setting the policy framework direction for the whole country.”A green bond policy framework based on a long-term issuance programme required governmental and climate-related green policies, Levine explained. Policy frameworks and greater ‘certainty’ could then motivate sub-sovereign issuers and the private sector to follow suit.Recently, the IFC and Amundi closed the largest green bond fund to date at $1.4bn. Institutional investors from Sweden, France, Austria and Denmark were among the fund’s backers.last_img read more

Third New ECO VLCC Delivered to Hunter Tankers

first_imgHunter Tankers, a part of Hunter Group ASA, took delivery of the newbuilding very large crude carrier (VLCC) Hunter Laga on November 1.The vessel is the third of seven identical ECO design VLCC newbuildings being built at South Korea’s Daewoo Shipbuilding & Marine Engineering.According to the sale-and-leaseback transaction revealed in early September 2019, Hunter Laga was subsequently delivered to and immediately bareboat chartered back from Ship Finance International Limited.The ship will join Hunter Atla and Hunter Saga in the Tankers International Scrubber Pool, and will start trading in the spot market.The remaining four units are scheduled for delivery between March and July 2020.All seven of the company’s VLCCs “are built to the highest standards and will be fitted with scrubbers,” Hunter Tankers said.last_img read more

Strong public support for cafes, other businesses to block porn sites on in-store Wi-Fi

first_imgTVNZ One News 18 January 2019A new poll suggests there is strong public support for cafes and other businesses to block pornography websites on their in-store Wi-Fi.It comes after Starbucks Coffee rolled out an international block in this year, following consumer pressure. Some members of the public told 1 NEWS watching pornography in public had never occurred to them, another said they had “never heard of it, and that it seemed “a little unnecessary” and one person agreed people should not be watching pornography in public. Bob McCoskrie of Family First said the result was “indicative of the growing community concern over this issue”. Family First supporters went around some cafes and fast food restaurants testing if they could access pornography on the Wi-Fi, finding some blocked pornography, and some did not.center_img Family First commissioned the poll by Curia Market Research that found 79 per cent of respondents thought there should be adult filters in place for public Wi-Fi, with 16 per cent opposed and six per cent unsure. Netsafe said there was a range of tools available that businesses can use to block content.https://www.tvnz.co.nz/one-news/new-zealand/strong-public-support-cafes-other-businesses-block-porn-sites-in-store-wi-fi?variant=tb_v_1last_img read more

Cuban Ebola doctor returns home

first_img Tweet 436 Views   one comment Sharing is caring! Share Sharecenter_img Share Felix Baez, right, was greeted in Havana by wife Vania Ferrer and son AlejandroA Cuban doctor who recovered from Ebola after receiving experimental treatment in Switzerland has been welcomed back to Havana by relatives and officials.Felix Baez was the first of Cuba’s contingent of 250 doctors and nurses to have contracted Ebola in West Africa.He was met at Havana’s Jose Marti airport by his family and Health Minister Roberto Morales.He told reporters that he and his colleagues were committed to fighting Ebola and he hoped to return to Africa.“I will return there to finish what I started,” he said.Dr Baez fell ill in Sierra Leone and was taken to Geneva a few days later, on 20 November.At a Swiss hospital he was treated with a precursor Ebola drug, ZMapp and also given an untested Japanese flu drug.The hospital says Dr Baez has made a full recovery.Medical diplomacyThe Cuban contingent of medical workers is the largest sent by any country in the fight against the epidemic.More than 5,000 people have died in the current Ebola outbreak – almost all of them in West Africa.The contribution has won the Caribbean island international praise.It has also focused attention on Cuba’s programme of medical diplomacy.The scheme frequently deploys teams of doctors and nurses, in some cases to provide humanitarian relief, other times in exchange for cash or goods, says the BBC’s Barbara Plett Usher in Havana.Dr Baez had to be helped off the plane when he arrived in Geneva for treatment last month HealthInternationalLifestylePrint Cuban Ebola doctor returns home by: BBC News – December 8, 2014last_img read more

Only Messi, two others safe in Barcelona clear-out – report

first_img That is according to a report in ESPN, who say that the club are aware they will be hit particularly hard financially from the coronavirus pandemic and the indefinite suspension of football in Spain.Advertisement Promoted ContentTop 10 Most Romantic Nations In The WorldTop 7 Best Car Manufacturers Of All TimeHere’s What Everyday Objects Look Like If Cut In Half6 Interesting Ways To Make Money With A Drone7 Universities Where Getting An Education Costs A Hefty Penny8 Interesting Unknown Facts Of Sasha ObamaCouples Who Celebrated Their Union In A Unique, Unforgettable WayWhich Country Is The Most Romantic In The World?The Very Last Bitcoin Will Be Mined Around 2140. Read MoreFantastic-Looking (and Probably Delicious) Bread ArtThe Best Cars Of All TimeIs This The Most Delicious Food In The World? Read Also: Drogba joins effort to distribute aid to poor in Ivory CoastTwo players will already be arriving at the Camp Nou this summer – forward Francisco Trincao is arriving from Braga in a €31m deal while teenager Pedri is joining from Las Palmas in a €5m agreement.It has also been widely reported that Inter striker Lautaro Martinez is a prime target for the Blaugrana along with multiple links with a return for Paris Saint-Germain star Neymar.FacebookTwitterWhatsAppEmail分享 Loading… center_img Barcelona are preparing a summer clearout of their playing squad with Lionel Messi, Marc-Andre Ter Stegen and Frenkie de Jong the only players who are safe. It follows an interview with club president Josep Maria Bartomeu with Diario Sport at the end of March in which he said that the club would still be able to attain any transfer targets they wanted, despite the financial uncertainty. In addition to all clubs having no income from matchdays, football’s elite clubs have been hit even more as they have no income from their global merchandising or their stadium tours and museums.last_img read more

Global COVID-19 cases exceed 10 million

first_imgSome countries are experiencing a resurgence in infections, leading authorities to partially reinstate lockdowns, in what experts say could be a recurring pattern in the coming months and into 2021. (Reuters) The figure is roughly double the number of severe influenza illnesses recorded annually, according to the World Health Organisation. BEIJING – Global coronavirus cases exceeded 10 million on Sunday according to a Reuters tally, marking a major milestone in the spread of the respiratory disease that has so far killed almost half a million people in seven months. A healthcare worker collects a swab sample from a man during a check-up camp for the coronavirus disease, in Mumbai, India, June 26, 2020. REUTERS/Francis Mascarenhas The milestone comes as many hard-hit countries are easing lockdowns while making extensive alterations to work and social life that could last for a year or more until a vaccine is available.last_img read more

No Roma regrets for Osvaldo

first_imgSouthampton striker Dani Osvaldo has no regrets about leaving Roma this summer. “I am happy in England and I feel good with my new team-mates and club. “I still have to adapt and score goals but I am more than happy with my decision.” Osvaldo, who signed a four-year contract with the Saints, admitted he had been struggling with life at Roma in recent months. The 27-year-old was at the receiving end of criticism from a section of Giallorossi fans who were left frustrated by the club’s disappointing season. Roma finished sixth in Serie A and failed to qualify for Europe and, to rub salt into the wounds, the capital club then surrendered the last available Europa League qualifying spot to arch-rivals Lazio by losing the Coppa Italia final. “I don’t feel as though I’m in exile,” Osvaldo said. “This was my decision even though Roma wanted me to go. “I could no longer be at Roma and receive threats and insults. “It’s not normal to have abusive messages written on the walls outside your house, especially because I don’t deserve them. The Italy international moved to the Barclays Premier League club last month in a club-record deal worth a reported £15million and is delighted with his decision. “I was really looking forward to having an experience abroad and I believe I have made the right choice,” Osvaldo told the Gazzetta dello Sport. “The majority of the Roma fans were supportive and showed me affection but there were others that don’t show support in the right way and fortunately, they are a minority. “I just needed calm and tranquility and that is why I have chosen England. I have no regrets.” Osvaldo, who is currently on international duty with Italy ahead of Tuesday’s World Cup qualifying meeting with the Czech Republic, joined Roma from Espanyol in 2011 and scored 16 goals in Serie A last season. Press Associationlast_img read more

Tennis News Roger Federer, Novak Djokovic And Rafael Nadal To Feature In New Tennis World Cup

first_img For all the Latest Sports News News, Tennis News News, Download News Nation Android and iOS Mobile Apps. Sydney: World number one Novak Djokovic will begin his 2020 season in Brisbane, Rafael Nadal in Perth and Roger Federer in Sydney after Monday’s draw for the ATP Cup, the new world tennis team event. The championship, which will take place from January 3-12 in the  lead-up to the year’s first Grand Slam, the Australian Open in Melbourne, will feature 24 nations split into six groups across Sydney, Brisbane and Perth. Eight teams — with up to five players each — will emerge from the round-robin stage to compete in the knockout phase in Sydney until one is left standing Most of the world’s top 30 men will take part, with ties comprising two singles and one doubles match.  At the draw in Sydney, Djokovic’s Serbia were pitted against France, South Africa, Germany, Greece, Canada and wildcard entry Australia in Brisbane. Nadal’s Spain will face Japan, Georgia, Russia, Italy and the United States in Perth while Federer’s Switzerland take on Belgium, Austria, Croatia, Argentina and the Andy Murray-led Britain.  The final five nations in the ATP Cup standings, based on the ranking of their number one singles player, will be determined by the second entry deadline of November 13. The new-look start to the year offers USD15 million in prize money and a maximum of 750 singles and 250 doubles ATP rankings points.  Also Read | US Open 2019: Master Of Clay Rafael Nadal Finds Unlikely Second Home At Flushing MeadowsIt will be held on the back of a revamped Davis Cup, run by the International Tennis Federation, in November, bringing together 18 nations in one place for a week at the end of the 2019 season.  Also Read | Novak Djokovic eyes historic Grand Slam calendar year sweep, Roger Federer and Rafael Nadal eye French Open gloryATP Cup draw:  Group A (Brisbane) – Serbia, France, South Africa +1 TBC Group B (Perth) – Spain, Japan, Georgia +1 TBC Group C (Sydney) – Switzerland, Belgium, Britain +1 TBC Group D (Perth) – Russia, Italy, USA +1 TBC Group E (Sydney)   Austria, Croatia, Argentina +1 TBC Group F (Brisbane) – Germany, Greece, Canada, Australia. last_img read more

Bermuda sink Golden Jaguars 1-0

first_imgA 37th minute strike from Donte Brangman helped Bermuda down Guyana in their International Friendly last Thursday at the Bermuda National Sports Centre in Devonshire Parish. Michael Johnson, Golden Jaguars head coach said his objectives were met.The game between the two countries, the third since October of 2011, was used as preparation for the CONCACAF Gold Cup, given the fact that Guyana and Bermuda will be debutants at the confederation’s showpiece.“I thought in the second half there was only one team, first half we didn’t really come out firing but I expected that. There are nerves, people want to prove their position they’ve got on the team, but we settled down in the second half and we played some good football,” Johnson said, according to a release from the GFF.“As I’ve always said it’s not about the results for me, Johnson continued. “I’ve seen a lot of things that I want from the second half now being played in our next friendly; so I can see progression from the first half where they were edgy and nervy towards a more confident, more composed team, second half. So we’re heading in the right direction,” he added.The match, which saw a total of six substitutions being made, brought with it some encouraging individual performances, Johnson disclosed, noting “there were some good individual performances which excite me when I can see the jigsaws in my mind coming together.”Following the first half, Johnson revealed that the half-time dressing room talk was centred on him telling his charges that they need to play, believe and be confident in themselves.“We’ve got to keep hold of the ball and we’ve got to have more pressure on their back line, which I thought we did in the second half and we asked questions. There were a couple of opportunities that could have gone left or right and it’s a goal; This is a good team and they need to now believe in themselves as a team which I thought was more evident in the second half.”Johnson, quizzed on if he would be able to get that message across to his charges for the next friendly against Haiti next week, expressed confidence in so doing.“As I said to you always, the friendlies for me is about finding out things, tonight (Thursday) I found out so much that would one, enable me to coach and position our coaching methodology a different way, individually, and also as a team. But now I am starting to see personnel that actually coming to the forefront of it so I’m excited for it.”The team now head to Costa Rica where they will face Haiti on June 11, and will then wing out to their base in Minneapolis in preparation for the clash against the USA on June 18.last_img read more